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首页> 外文期刊>Procedia - Social and Behavioral Sciences >Impact of Public Announcements on Stock Prices: Relation between Values of Stock Prices and the Price Changes in Lithuanian Stock Market
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Impact of Public Announcements on Stock Prices: Relation between Values of Stock Prices and the Price Changes in Lithuanian Stock Market

机译:公开声明对股票价格的影响:股票价格价值与立陶宛股票市场价格变动之间的关系

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The previous studies have shown that there is a relation between values of stock prices and the price changes caused by public announcements. Thus the aim of this paper is to examine if the respective relation can be observed in Lithuanian stock market and how this relation is affected by different categories and types of announcements. The research covers public announcements issued by companies listed in Vilnius Stock Exchange. Simplified version of event study methodology was used in this paper and average absolute and abnormal returns were computed. Most of the results in this paper are consistent with the previous studies and a negative correlation between the values of stock prices and the price changes caused by public announcements was estimated.
机译:以前的研究表明,股票价格的价值和由公告引起的价格变化之间存在联系。因此,本文的目的是研究在立陶宛股票市场中是否可以观察到各自的关系,以及这种关系如何受到不同类别和类型的公告的影响。该研究涵盖了维尔纽斯证券交易所上市公司发布的公共公告。本文使用事件研究方法的简化版本,并计算了平均绝对收益和异常收益。本文的大多数结果与以前的研究一致,并且估计了股票价格的价值与由公告引起的价格变化之间的负相关性。

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